MERLIN Properties SOCIMI Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	12,008	10,888	10,647	10,721	12,306
Cash & Equivalents	1,215	1,553	461.22	429.45	866.72
Accounts Receivable	48.44	38.66	41.05	29.74	14.79
Other Receivables	36.18	21.44	21.55	20.11	24.83
Investment In Debt and Equity Securities	17.96	24.2	18.1	30.8	8.52
Other Intangible Assets	4.49	1.03	1.57	1.75	1.59
Loans Receivable Current	0.24	0.24	0.24	0.24	0.24
Other Current Assets	83.03	76.35	71.16	56.97	49.18
Trading Asset Securities	-	-	-	-	80.96
Deferred Long-Term Tax Assets	53.4	53.32	77.57	78.65	83.81
Other Long-Term Assets	802.15	803.67	726.05	683.28	835.78
Total Assets	14,269	13,459	12,065	12,051	14,273
Current Portion of Long-Term Debt	866.6	625.49	25.49	777.84	603.01
Long-Term Debt	4,205	4,318	4,508	3,471	5,663
Accounts Payable	182.25	117.03	86.39	76.61	45.76
Accrued Expenses	46.9	39.03	44	43.23	44.39
Current Income Taxes Payable	7.1	6.86	7.59	5.23	3.94
Other Current Liabilities	73.02	51.85	51.2	47.59	39.53
Long-Term Deferred Tax Liabilities	627.86	607.56	613.19	613.48	681.01
Other Long-Term Liabilities	185.31	192.77	190.99	166.82	165.51
Total Liabilities	6,194	5,958	5,526	5,202	7,246
Common Stock	563.73	563.73	469.77	469.77	469.77
Additional Paid-In Capital	4,147	4,260	3,541	3,541	3,648
Retained Earnings	779.96	276.48	-83.22	-107.63	507.32
Treasury Stock	-10.03	-14.45	-15.41	-17.17	-32.31
Comprehensive Income & Other	2,594	2,416	2,627	2,963	2,434
Total Common Equity	8,074	7,501	6,539	6,849	7,027
Shareholders' Equity	8,074	7,501	6,539	6,849	7,027
Total Liabilities & Equity	14,269	13,459	12,065	12,051	14,273
Total Debt	5,072	4,943	4,533	4,249	6,266
Net Cash (Debt)	-3,857	-3,390	-4,072	-3,820	-5,318
Net Cash Per Share	-6.85	-6.65	-8.69	-8.16	-11.40
Filing Date Shares Outstanding	562.81	562.41	468.37	468.23	466.89
Total Common Shares Outstanding	562.81	562.41	468.37	468.23	466.89
Book Value Per Share	14.35	13.34	13.96	14.63	15.05
Tangible Book Value	8,070	7,500	6,537	6,847	7,025
Tangible Book Value Per Share	14.34	13.34	13.96	14.62	15.05

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.